Cost of Living in Lakewood Park, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
64.2
100 = national avg
-35.8 vs national average
Living Wage (1 Adult)
$28,253
per year
Living Wage (Family of 4)
$66,780
per year
Cost Index by Category
Housing30.4
Food79.9
Transportation112.1
Healthcare83.9
Utilities74.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$780
per month
2 Bedroom
$959
per month
The overall cost of living index in Lakewood Park is 64.2, which is 35.8% below the national average. Housing costs are below the national average at an index of 30.4. A single adult needs to earn approximately $28,253 per year to cover basic expenses.